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Nov 26, 2012
11/12
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first of all, egypt. we've seen days of protests because the new president claims some autocratic powers for himself. yesterday was the first day to see the egyptian market. it plummeted. we really don't know how this arab spring is going to unfold as we head into yet another year of it. >> broadly speaking, is that an oil play? >> yes, that's the possibility as we look at unrest. the other issue is argentina. a new york judge made a controversial ruling against argentina. they have a couple of payments coming up in december and we know a lot of emerging market funds own argentine debts and they may not make the coupon payments. that could have an impact. plus, there's controversy about the decision itself and whether or not it could actually impact the payment and settlement system of the international financial market. i'm sure that's going to get resolved but we should be watching. >> there could be a domino effect. >> exactly. uncertainty. >> we're focusing on greece and spain but -- >> they still mat
first of all, egypt. we've seen days of protests because the new president claims some autocratic powers for himself. yesterday was the first day to see the egyptian market. it plummeted. we really don't know how this arab spring is going to unfold as we head into yet another year of it. >> broadly speaking, is that an oil play? >> yes, that's the possibility as we look at unrest. the other issue is argentina. a new york judge made a controversial ruling against argentina. they have...
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Nov 15, 2012
11/12
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. >> i don't want to contradict you, but the analysis earlier on the network was with egypt and israel you're not going to interrupt the flow of oil, and therefore it isn't an oil event and therefore arguably not a market event. >> it may not be an oil event but i think it is clearly a global event that's going to cause investors to get nervous. what people get nervous, the first thing they want to do is feel safe. they want their money. >> kenny, we'll get back to you in a minute. >>> this one's going to cause a lot of outrage, i promise. the nation heading toward the edge of that fiscal cliff with sky-high deficits. while there's talk of cuts, cuts, cuts, a new report out today on waste in the federal government. eamon javers has details in washington. eamon? >> well, the new report is out from senator tom coburn, a republican from oklahoma up on capitol hill. in the report he accuses the department of defense of really becoming the department of everything. he says the pentagon's wasting a lot of money and he's found examples in the pentagon spending money on things like a study for
. >> i don't want to contradict you, but the analysis earlier on the network was with egypt and israel you're not going to interrupt the flow of oil, and therefore it isn't an oil event and therefore arguably not a market event. >> it may not be an oil event but i think it is clearly a global event that's going to cause investors to get nervous. what people get nervous, the first thing they want to do is feel safe. they want their money. >> kenny, we'll get back to you in a...
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Nov 28, 2012
11/12
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investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's a bit of a wake-up call to the post-revolution transition in the egypt's economy is never going to be easy. the imf deal that was announced last week, should be agreed at broad level probably by the end of this year. that really averts the immediate threat of the balance payment crisis. that was a very real significant threat up until this deal was agreed. but anyone that's expecting very rapid changes i think will be disappointed. i think egypt is moving in the right direction, but it's going to be very much a case of two steps forward and one step back. it's going to be bumpy for at least the next year or so. >> i wonder, too, charles, would egypt be one of the biggest countries in the middle east, an important previous source of stability, what the latest bout of unrest spells for the investment picture broadly speaking? >> we saw that with the israeli-gaza issues of late. really, all across the middle eas
investors have gotten quite bullish on egypt. do you think the investment thesis is fundamentally changed? >> i think it's a bit of a wake-up call to the post-revolution transition in the egypt's economy is never going to be easy. the imf deal that was announced last week, should be agreed at broad level probably by the end of this year. that really averts the immediate threat of the balance payment crisis. that was a very real significant threat up until this deal was agreed. but anyone...
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Nov 15, 2012
11/12
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. >> translator: egypt strongly condemns the killing. this is not acceptable. >> joining us to more is martin fletcher, correspondent for nbc news. hi, martin, what you can tell us, what's the latest? >> reporter: you mentioned that the u.n. called for an end to the violence. that didn't happen. the violence is continuing in a big way this morning. the area really is on a knife edge. israel's continuing its attacks in the gaza strip, but also very significantly for israel, targeting also the stockpiles of long range rockets that hamas has which threaten the central citizen in israel, in particular the bigger city tel aviv. so israel taking out those rocket piles from the air, also attacking from the sea. israel's army is poised at the border of gaza, reserves are being called up for a possible ground inflation of gaza, which i think nobody actually wants, but certainly a real possibility. at the same time, palestinian rocket attacks from gaza into israel are also continuing about 150 this morning, most of the israelis have been intercept
. >> translator: egypt strongly condemns the killing. this is not acceptable. >> joining us to more is martin fletcher, correspondent for nbc news. hi, martin, what you can tell us, what's the latest? >> reporter: you mentioned that the u.n. called for an end to the violence. that didn't happen. the violence is continuing in a big way this morning. the area really is on a knife edge. israel's continuing its attacks in the gaza strip, but also very significantly for israel,...
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Nov 28, 2012
11/12
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president morsist says he has to takes the action action becausitis egypt's judiciary that's stalling the it's shaping out -- caught in the midding are supporters every both sides, the liberal and secular state say it's on the wrong side, but the president and supporters say he has the pourer, authority and justification to take these measures. >>> as we look at some of the pictures ayman, thank you. >>> we're being blown around by some headlines here. we've had great numbers on housing. here's what happened, right about here. came out below expectations. this is some of the negative data points. i was a little surprised by it. the market was, too. then we want representative boehner come out saying he was optimistic. so we're getting blown around by the headlines. downbeat september and october new home sales numbers. let's talk about retail. things are looking good in retail land. american eagle, all had generally positive comments this morning is consumers continues to spend, home prices are rising. holiday promotions have not been expensive, the cost of goods are lower than last y
president morsist says he has to takes the action action becausitis egypt's judiciary that's stalling the it's shaping out -- caught in the midding are supporters every both sides, the liberal and secular state say it's on the wrong side, but the president and supporters say he has the pourer, authority and justification to take these measures. >>> as we look at some of the pictures ayman, thank you. >>> we're being blown around by some headlines here. we've had great numbers...
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Nov 28, 2012
11/12
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egypt, the policy of the western world was egypt by propping up mubarak to have stability, quote, unquote, was account of greenspan stability we have, that kind of pseudo moderation. things were brewing under the surface and now we pay the price after 40 years of sadat and the other fellow. so now we have to pay the price. what's going to happen? nobody knows. even the players don't know. we still don't know. i don't think it is going -- we're going to move to democracy overnight. we're going to have turmoil. i don't know what's going to happen but that's identical to the trying to eliminate overstabilization of something makes it weaker. that's what we have in egypt. >> the key message is you need volatility, you need stressors in the system, and you need companies and you need markets who can survive those stressors and thrive by them. >> exactly. we need to encourage people to take certain classes of risk. we need more small fluctuation and fewer big crises. in fact we have the exact opposite. things are smooth but with big -- >> very quickly. you said four rules. can you give them qui
egypt, the policy of the western world was egypt by propping up mubarak to have stability, quote, unquote, was account of greenspan stability we have, that kind of pseudo moderation. things were brewing under the surface and now we pay the price after 40 years of sadat and the other fellow. so now we have to pay the price. what's going to happen? nobody knows. even the players don't know. we still don't know. i don't think it is going -- we're going to move to democracy overnight. we're going...
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Nov 23, 2012
11/12
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we're talking about specifically violence in egypt. after a decree by egyptian president mohamed morsi that put his decisions above legal challenge. protesters accusing him of a coup. all eyes of course on egypt, as well as israel and gaza where the cease-fire is still in place. oil prices also saw additional port on the news out of europe, optimism over greece today. west texas intermediate closing above $88 a barrel, up 1% in this short rned session. brent risie ining as well but slightly less than that. >>> nonetheless, energy prices apparently are about to get lower. our next guest is talking 70s on crude for next year. john, why are you so bearish on oil for next year? >> a couple of things. global economy doesn't look all that great for next year particularly in europe. they have a lot to get together, the greece situation. we're also now -- >> it's going to get worse than it is this year. >> yeah. iea, opec itself all looking for demand declines next year in terms of growth. also, two things that bedevilled the brent market this
we're talking about specifically violence in egypt. after a decree by egyptian president mohamed morsi that put his decisions above legal challenge. protesters accusing him of a coup. all eyes of course on egypt, as well as israel and gaza where the cease-fire is still in place. oil prices also saw additional port on the news out of europe, optimism over greece today. west texas intermediate closing above $88 a barrel, up 1% in this short rned session. brent risie ining as well but slightly...
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Nov 21, 2012
11/12
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it is so interesting to watch the new egypt emerge here and see what their role will be throughout this and in the future. thank you, john. >>> let's look at where the markets stand right now. it is a good checkpoint here at about two minutes past 1:00 eastern time. industrials up 48 points at 12,835 and change. nasdaq higher by .5%, 2,924. s&p up 2 1/2 points at 1 $1,390.32. gold at $1,731 an ounce. oil moving a little bit higher. the january contract at $86.97, up 22 cents. brent crude at $109.93. michelle? >>> another international note on a store out of europe that we continue to watch as well. there are reports of a deal to release emergency aid to greece could come monday. we're also learning today the european central bank is satisfied with a plan to recapitalize greek banks. that's going to be a key part of any kind of international bailout to get that country back up on its feet. >>> now to shopping an retail. of course it takes center stage this week. before we get to what retailers are hoping for, fearful of, and promising for this crucial holiday shopping season, let's look
it is so interesting to watch the new egypt emerge here and see what their role will be throughout this and in the future. thank you, john. >>> let's look at where the markets stand right now. it is a good checkpoint here at about two minutes past 1:00 eastern time. industrials up 48 points at 12,835 and change. nasdaq higher by .5%, 2,924. s&p up 2 1/2 points at 1 $1,390.32. gold at $1,731 an ounce. oil moving a little bit higher. the january contract at $86.97, up 22 cents. brent...
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Nov 26, 2012
11/12
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. >> for a second straight day, egypt stock market has opened in a downward spiral followed by a decree by are morsi that has plunged the country into political turmoil. on the streets for a fifth straight day, there have been clashes between pro morsi supporters and his opponents. here in the capital, one of the victims is being laid to rest after he was killed by security officials. the anger stems from a decree issued on thursday gives morsi powers that are unchecked. he essentially has the authority to legislate and that is not subject to any type of judicial review pl opponents say it amounts to a dinlg at a time tore ship and this is what they fought against two years ago. but supporters say he must take these drastic measures in order to ram home reforms being blocked that have hijacked egypt's judiciary. ross. >> all right. latest from cry row. meanwhile israeli defense minister barack has resigned, a surprise move ahead of the general election. he is going to stay on until the next administration is in place. and representatives from nearly 200 nations begin climate matt talks.
. >> for a second straight day, egypt stock market has opened in a downward spiral followed by a decree by are morsi that has plunged the country into political turmoil. on the streets for a fifth straight day, there have been clashes between pro morsi supporters and his opponents. here in the capital, one of the victims is being laid to rest after he was killed by security officials. the anger stems from a decree issued on thursday gives morsi powers that are unchecked. he essentially...
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Nov 30, 2012
11/12
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my friends reached out and said where is our best content on egypt? i started sharing on facebook. then my friends got tired of me sharing about the middle east. >> as a lot of friends do. >> i realized there is a need for a better place to share content around your interests where anyone can discover it. that's the idea behind snip it. >> walk me through the journey of raising capital. >> raising capital is always tough. you should always do it when you don't need it. we've been lucky, fortunate to have two amazing firms, both with incredible expertise in social media and a very long-term view. when you start a social media startup you want investors with a long-term view and perspective. >> obviously raises questions about monetization, migration to mobile. how do you make the money? when do you become profitable? what is the endgame? >> the endgame is to be the primary way which people share and discover content. every morning you wake up and go to snip it and that is where the best content is. monetization comes through ads. because people are bro
my friends reached out and said where is our best content on egypt? i started sharing on facebook. then my friends got tired of me sharing about the middle east. >> as a lot of friends do. >> i realized there is a need for a better place to share content around your interests where anyone can discover it. that's the idea behind snip it. >> walk me through the journey of raising capital. >> raising capital is always tough. you should always do it when you don't need it....
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Nov 16, 2012
11/12
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egypt is under fresh frpressuree americans. but clearly we're still in a situation where egyptian foreign policy is still evolving. so we're not quite sure what the rule of the games are. >> are you surprised there hasn't been more of a reaction in the markets? >> not at this stage. hartwe'll comment about how it will play out is accurate because we don't know with respect to the new administration. but there is potentially a chance it might direct israeli government thinking towards the idea that just constant cycle and recycle of violence doesn't solve the problem. there have baeen countless strikes since 1967. it doesn't solve anything and also doesn't make iz rally citizens any safe p. the idea that there are extare strategic installations, it's shenksly a big refugee camp. it almost seems overplaying it. so the influence of the egyptian government could be potentially benign. it may have put more restrained response and the idea that there might be some peace initiative. >> david, do you agree the situation could be more b
egypt is under fresh frpressuree americans. but clearly we're still in a situation where egyptian foreign policy is still evolving. so we're not quite sure what the rule of the games are. >> are you surprised there hasn't been more of a reaction in the markets? >> not at this stage. hartwe'll comment about how it will play out is accurate because we don't know with respect to the new administration. but there is potentially a chance it might direct israeli government thinking...
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Nov 19, 2012
11/12
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i'm not a gae owe political expert on places like egypt, but the whole nature of the region 45s chan has changed to some extent. we're dealing with an additional level of uncertainty. that means that whereas previously you would have had someone like egypt as a broke he, they may be more one-sided now and have opinions of their own. we can remain hopeful, but there is that risk. >> charles, thank you very much for joining us here. head of market strategy at lloyds bank wholesale banking and markets. on today's show, we'll have more on on the escalating tensions in the middle east. we'll be live in tel aviv in right around 15 minutes time for a view from the ground. switzerland is where xtrata will have a slowdown tomorrow, we'll find out why bonuses become a key point of contention. and we'll be live in athens to find out if we can finally expect resolution on the country's next tranche of aid this week. and we track a bond making an aggressive bet on recovery. that happens at 11:20 cet. president obama made a his tore rig stop in myanmar. the six hour visit marks the first for a ser
i'm not a gae owe political expert on places like egypt, but the whole nature of the region 45s chan has changed to some extent. we're dealing with an additional level of uncertainty. that means that whereas previously you would have had someone like egypt as a broke he, they may be more one-sided now and have opinions of their own. we can remain hopeful, but there is that risk. >> charles, thank you very much for joining us here. head of market strategy at lloyds bank wholesale banking...
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Nov 22, 2012
11/12
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the two sides agreed yesterday to abide by an egypt brokered peace deal after eight days of fighting that left 130 palestinians and five israelis dead. overnight, thousands poured on to the streets to celebrate. joining us from tel aviv is m martin fletcher. martin, what is it like there did today following the cease fire and what hopes are there? >> well, those scenes you just saw in gaza, the celebration, you did at any time see that here in israel. there's a sense here there is nothing much to celebrate. the cease fire took effect 9:00 last night, israel time. so at least so far so good. it's all quiet. but the israelis have not yet sent for instance their children back to school, they said let's wait and see whether the cease fire real holds, whether there really will be no more rockets from gaza. at the same time, the israeli army which called up about 30,000 reserves, they're still on duty at the border. but they'll probably withdraw those reserves soon. the issue really although they reached a cease-fire, israel won't be launching a ground invasion of gaza. palestinians will s
the two sides agreed yesterday to abide by an egypt brokered peace deal after eight days of fighting that left 130 palestinians and five israelis dead. overnight, thousands poured on to the streets to celebrate. joining us from tel aviv is m martin fletcher. martin, what is it like there did today following the cease fire and what hopes are there? >> well, those scenes you just saw in gaza, the celebration, you did at any time see that here in israel. there's a sense here there is nothing...
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Nov 20, 2012
11/12
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coming from cairo where egypt's president mohammad speaking to mourners saying egypt was passing through difficult days but there could be light at the end of the tunnel and referred to the truce that may be taking place in egypt. he said that the aggression on gaza would end on tuesday. didn't give details about that agreement. reports coming out of israel citing officials on israel radio that a truce could be announced as late as tuesday night this evening with the arrival of u.s. secretary of state hillary clinton. that's what's happening outside of gaza. here in gaza it still feels like a war footing. in the last couple of hours the iz rally israelis have warned of imminent attacks on homes and neighborhoods and forcing people to leave their cities and move into central gaza and an indication that a ground invasion may be imminent if a truce is not sealed within the next couple of hours. you can get a sense there's a great sense of fear among ordinary people of gaza that in coming hours it could go either one of two ways. people are hoping it will be a truce but there's no doubt with
coming from cairo where egypt's president mohammad speaking to mourners saying egypt was passing through difficult days but there could be light at the end of the tunnel and referred to the truce that may be taking place in egypt. he said that the aggression on gaza would end on tuesday. didn't give details about that agreement. reports coming out of israel citing officials on israel radio that a truce could be announced as late as tuesday night this evening with the arrival of u.s. secretary...
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Nov 21, 2012
11/12
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. >>> hillary clinton joins egypt in attempting to broke aerodeal between israel and hamas. strikes on gaza and rocket attacks into israel continue. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, we're into hump day, the day before thanksgiving, of course, as well. on today's show, we'll have updates from athens and brussels as the eurozone ministers fail to ruse a deal for greece. air strikes and rocket fire continue in the gaza strip in tel aviv, as hillary clinton urges both sides to diffuse violence. we'll have the latest live from zree israeli. we'll also take the pulse of the polish country. analysts from warsaw 40 minutes from now. >>> we'll be in providence, rhode island, to preview travel ahead of the thanksgiving holiday with the head of operations at peter pan bus lines. >>> but first, after nearly 12 hours of talks, eurozone finance ministers have failed in their quest to agree conditions that would have allowed the next chance of bailout cash going to greece. what's next? what's gone wrong? we'll be join
. >>> hillary clinton joins egypt in attempting to broke aerodeal between israel and hamas. strikes on gaza and rocket attacks into israel continue. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, we're into hump day, the day before thanksgiving, of course, as well. on today's show, we'll have updates from athens and brussels as the eurozone ministers fail to ruse a deal for greece. air strikes and...
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Nov 14, 2012
11/12
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we saw egypt pull the ambassador from israel. and this is not the normalal lobbing missiles back and forth. this is something very different. i bought oil on this. i bought rent oil and that is the way to play it. >> what are other plays? >> i was surprised oil didn't give us more. this was a meager response when there is a box in syria and we are not seeing a bid to oil and commodities. cftc longs in the commodity space are three-month lows. copper is a space i want to sniff around. >> house speaker boehner is speaking responding to the president. >> united and focusing on their top priority which is jobs. i'm proud of my leadership colleagues who have been elected today to serve as our leaders of the next conference. while we have some of us returning to the leadership we have new members. and you will get to hear from them in a moment. our majority is a primary line of defense for the american people against the government that spends too much, borrows too much and left unchecked. i have outlined a framework for how both parti
we saw egypt pull the ambassador from israel. and this is not the normalal lobbing missiles back and forth. this is something very different. i bought oil on this. i bought rent oil and that is the way to play it. >> what are other plays? >> i was surprised oil didn't give us more. this was a meager response when there is a box in syria and we are not seeing a bid to oil and commodities. cftc longs in the commodity space are three-month lows. copper is a space i want to sniff...
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Nov 15, 2012
11/12
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israel sent its ambassador home from egypt saying it was planned of course. who knows. i think it's a serious moment and at play of course is the peace agreement between israel and egypt. another reason hamas felt safer because they felt israel would do anything at all to not provoke egypt into abandoning peace. so very serious. >> martin fletcher, thank you for your great report. you're the best in the business. >> a fascinating report. thank you, martin. >>> back to some business here in the united states. with a week to go before the official kickoff to holiday shopping season, it is a big day for retail today. we'll be getting quarterly results from walmart, target, both of these companies before the bell. john lawrence covers the sector for stevens. john, first of all, what can we expect from these two companies with the earnings coming out and what are you seeing with how americans are feeling as we head into the crucial retail season? >> certainly in the case of walmart i think we'll see that they're very bullish on what they've been able to do in the marketplace
israel sent its ambassador home from egypt saying it was planned of course. who knows. i think it's a serious moment and at play of course is the peace agreement between israel and egypt. another reason hamas felt safer because they felt israel would do anything at all to not provoke egypt into abandoning peace. so very serious. >> martin fletcher, thank you for your great report. you're the best in the business. >> a fascinating report. thank you, martin. >>> back to some...
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Nov 19, 2012
11/12
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>> yeah, i mean, well, the only good thing is there's no oil in gaza, egypt or israel really. steve is saying if it's a conflagration in the entire mideast, obviously we're not energy independent yet, trying to get there. i don't think it's going to get that far. i think they're testing the political waters here and seeing how we position ourselves. >> the other issue that keeps rising for the markets is what's happening in europe. we have seen today that cypress is on the verge of running out of money. we've seen it with greece and we think at least the market collectively seems to think things have improved to the point where we are giving this breathing room. the problem is there even if the european central bank bought some time. steve why has it sat on the backburner so long? >> all they do is buy time and for the first time since the 1930s, all of these countries, most of them are raising taxes in the face of a declining economy, which is insign. japanese are doing the same thing. you know it's happening in france, 75% tax rate piling on taxes on business, capital gains,
>> yeah, i mean, well, the only good thing is there's no oil in gaza, egypt or israel really. steve is saying if it's a conflagration in the entire mideast, obviously we're not energy independent yet, trying to get there. i don't think it's going to get that far. i think they're testing the political waters here and seeing how we position ourselves. >> the other issue that keeps rising for the markets is what's happening in europe. we have seen today that cypress is on the verge of...
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Nov 19, 2012
11/12
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focusing more on cairo, egypt. that's where intense negotiations are taking place as we understand it. egypt is trying to mediate a truce between palestinian factions and israel. hamas made clear it feels it is in the driver's seat here. it says it will not lay down its arms or stop firing rockets until israel blocks on the territory. it is securing guarantees from israel lit not target hamas or any other palestinian leaders as it did on wednesday p when it killed senior member of hamas' military wing. the israelis say that it is in the driver's seat. it would not stop its aerial assault and not stop possible ground invasion unless hamas halts all rocket fire into southern israel. obviously you can imagine difficult road ahead. right now egypt is meeting with other key players in the region. including the prime minister of turkey, u.n. secretary general moon as well as the prime minister. intense negotiations to avert a ground war in the coming day. >> entire world watching. thank you very much. >>> when we come ba
focusing more on cairo, egypt. that's where intense negotiations are taking place as we understand it. egypt is trying to mediate a truce between palestinian factions and israel. hamas made clear it feels it is in the driver's seat here. it says it will not lay down its arms or stop firing rockets until israel blocks on the territory. it is securing guarantees from israel lit not target hamas or any other palestinian leaders as it did on wednesday p when it killed senior member of hamas'...
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Nov 15, 2012
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. >> if they go to war, though, that brings in also egypt, its new president supports hamas as well as iran. iran funds and arms hamas. so that doesn't seem like anything that israel would want to do. so at this point, where do you place the odds of there actually being a conflict? >> pretty high. firstly, the egyptian president decided that he wasn't going to -- he was going to go and support hamas. on the other hand, the egyptian army has sent forces to the gaza border, putting a blockade in position, and seems to have been carrying out operations against islamists in sinai. so that tells us that the army is a lot more powerful than the president, and also is kaumg. as for ir -- calming. iran has a long way away, having problems in iraq with its financial situation what it is. they're not worried about this. this is going to be israel and hamas and that's tough enough. >> so the f the odds are pretty high in your view, is a disruption to oil supplies, is that pretty much a foregone conclusion? >> only if the trade rers as rational as they usually are. this is not going to be spreadin
. >> if they go to war, though, that brings in also egypt, its new president supports hamas as well as iran. iran funds and arms hamas. so that doesn't seem like anything that israel would want to do. so at this point, where do you place the odds of there actually being a conflict? >> pretty high. firstly, the egyptian president decided that he wasn't going to -- he was going to go and support hamas. on the other hand, the egyptian army has sent forces to the gaza border, putting a...
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Nov 23, 2012
11/12
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and they have been brought into discussions with egypt and other major players in the world and region and they feel this has given them the legitimacy that they deserve. >> stephanie, thanks for that from tel aviv. mario draghi says building an overitem body around the ecb is the most practical solution. speaking at the euro finance conference, he said there needs to an legal basis for banking supervision. business sentiment in germany has risen a little bit more than expected quelling some fears that the powerhouse of the eurozone economy may be suffering from the impact of the crisis. its first increase in eight months. just over 101.4. in the united states, a half day of trading today post the thanksgiving holiday. is the dow due for a santa rally? we'll talk about it when we come back. [ female announcer ] the power to become a better investor has gone mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. ♪ you can st
and they have been brought into discussions with egypt and other major players in the world and region and they feel this has given them the legitimacy that they deserve. >> stephanie, thanks for that from tel aviv. mario draghi says building an overitem body around the ecb is the most practical solution. speaking at the euro finance conference, he said there needs to an legal basis for banking supervision. business sentiment in germany has risen a little bit more than expected quelling...
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Nov 26, 2012
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. >> let's go around the world, egypt, violence in the streets again today continuing protests after the president of egypt declared for himself a broad range of autocratic powers thursday night, the stock market in egypt opened yesterday, much of the middle east thursday is the end of their business week, the market plunged, a little bit of recovery today. speaking with sources in the banking sector they're worried whether or not the president says the powers are temporary whether he means it. >>> there's a euro group meeting today, they might eventually agree to give greece the money. the narrative stands that greece gets the money, they have to calm concerns about the imf. >>> spanish elections in the catolca catalonia win the regional elections. the stock market reacted a little bit, it would have been worse if the leader of the separatist movement had done better. let's move on to what i think is the most interesting story and could definitely affect a lot of investors who watch cnbc, argentina. during all the retail hubaloo, a federal judge in new york ordered argentina to pay
. >> let's go around the world, egypt, violence in the streets again today continuing protests after the president of egypt declared for himself a broad range of autocratic powers thursday night, the stock market in egypt opened yesterday, much of the middle east thursday is the end of their business week, the market plunged, a little bit of recovery today. speaking with sources in the banking sector they're worried whether or not the president says the powers are temporary whether he...
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Nov 27, 2012
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. >>> in egypt mass protests are planned from the muslim brotherhood and opponents in cairo today over the decree giving new powers to morsi. ayman is live in cairo with the latest. good evening. >> reporter: good evening. tens of thousands of protestors have gathered in tahrir square. many of them saying and singing the same songs and chants in the revolution. they changed the name from mubarak to morsi. the demands are the same. many people behind me today have been galvanized by the degree cree of morsi that gave him sweeping powers, including those to legislate without judicial review. it's not just about the decree. they're disappointed with the pace of reform. they're disappointed with the new constitutional assembly writing a constitution. they say it's not pluralistic and does not represent all of egyptians, and more importantly they're angered by the police force in egypt still using the same brutal tactics they used under mubarak. there have been no reforms and no convictions of officers that killed protestors. they're coming out in large numbers behind me. that has galvanize
. >>> in egypt mass protests are planned from the muslim brotherhood and opponents in cairo today over the decree giving new powers to morsi. ayman is live in cairo with the latest. good evening. >> reporter: good evening. tens of thousands of protestors have gathered in tahrir square. many of them saying and singing the same songs and chants in the revolution. they changed the name from mubarak to morsi. the demands are the same. many people behind me today have been galvanized...
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Nov 15, 2012
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and yet crude's off 30 cents. >> in its own perverse way, the key countries are gaza, israel, and egypt which is somewhat destabilized by who's going on, are not really oil producers. we know it's the region and if you begin to hear threats popping up from iran and others that israel had better mind its ps and qs. we'll watch and see how it goes. >> republicans on the house panel investigating the clams of mf global are pinning the blame squarely on ceo jon corzine. >>> plus a group of america's healthy are pleading to be taxedmore. the so called patriotic millionaires on their second day of a two-day congress fenferenc. we'll see what garrett gruner says on taxation, he's worth nearly $100 million. that's next. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa br
and yet crude's off 30 cents. >> in its own perverse way, the key countries are gaza, israel, and egypt which is somewhat destabilized by who's going on, are not really oil producers. we know it's the region and if you begin to hear threats popping up from iran and others that israel had better mind its ps and qs. we'll watch and see how it goes. >> republicans on the house panel investigating the clams of mf global are pinning the blame squarely on ceo jon corzine. >>>...
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Nov 23, 2012
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protesters bearing down in cairo, egypt. we're getting set for another day of trading here. there you have it. opening bell on wall street. kids day here. day after thanksgiving at the new york stock exchange. we see a lot of junior traders filling orders here at the new york stock exchange. ronald mcdonald house charities celebrating kids day here. and sears holding celebrating black friday. we'll talk with sears in just a little bit's time. we are to the upside if you look at the s&p 500 heat map right now. >> it has feeling like it's been two weeks but it's only one. a week in which as we heard from matt where we had major news this week. not expecting to get any today. certainly the alleged fraud at autonomy and hp stock hitting a ten-year low and not to mention the continued insider trading investigation that included a major indictment of someone. two major stories during the course of the week. >> i know you have been involved in hp and breaking a lot of news related to it. hp was such a huge story. we're not talking about a mid sized company and the problems that the
protesters bearing down in cairo, egypt. we're getting set for another day of trading here. there you have it. opening bell on wall street. kids day here. day after thanksgiving at the new york stock exchange. we see a lot of junior traders filling orders here at the new york stock exchange. ronald mcdonald house charities celebrating kids day here. and sears holding celebrating black friday. we'll talk with sears in just a little bit's time. we are to the upside if you look at the s&p 500...
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Nov 16, 2012
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doing in the area and the fact that there does not appear to be any cease-fire on the horizon although egypt's prime minister is in gaza today urging some international cooperation. we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with top congressional leaders on solving the fiscal cliff. we'll be over this crit aleveic event. both sides
doing in the area and the fact that there does not appear to be any cease-fire on the horizon although egypt's prime minister is in gaza today urging some international cooperation. we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this...
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the middle east from syria to egypt. we don't know who our friends are and what the game is and europe. europe isn't fixed yet. europe is kicking the can down. they can't fix it without a devaluation of some kind. they can keep putting money into that. what does that mean to take the first one? the cliff. you need somebody who is a uniter and not a divider. this president proved that he's the class warfare divider. >> here's a cliff question. some people say that if romney wins, the good news is we won't hit the cliff at the end of the year. the bad news is we'll have uncertainty for nine months because we'll have to address the issue in the fall. is that a better outcome than if obama is in office? i don't know the answer. >> we need to bring people together. we need a uniter for that. we go to the regulatory wall that we talked about. we need somebody who understands the role of regulation in a capitalistic system. the president doesn't have the foggiest idea and he delegates that. >> it's more of the people he's given
the middle east from syria to egypt. we don't know who our friends are and what the game is and europe. europe isn't fixed yet. europe is kicking the can down. they can't fix it without a devaluation of some kind. they can keep putting money into that. what does that mean to take the first one? the cliff. you need somebody who is a uniter and not a divider. this president proved that he's the class warfare divider. >> here's a cliff question. some people say that if romney wins, the good...
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Nov 26, 2012
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we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities definitely the slide that we're seeing in natural gas down about 4%. warmer temperatures ahead for the month of december. that is what's pressuring the nat gas market. back to you, david. >> now i want to resist a story we brought to you on friday and it continues. not that much has changed. it is still an interesting one getting a lot more play in the general media as well. that's the showdown between paul singer, the man who runs elliott associates, and argentina to put it mildly. there's mr. singer. argentina led by its president who has said no way are we paying you the $1.3 billion in interes
we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities...